Hourly Wage Calculator — 2026 Minimum Wage Comparison + Monthly/Annual Conversion
Convert hourly wage to daily, weekly, monthly, and annual salary. Compare against the 2026 Korean minimum wage (₩10,030/hr), includes weekly holiday allowance and estimated income tax.
This calculator is for reference only and may differ from actual amounts due to law changes or individual circumstances. Please consult a licensed professional (tax accountant, labor attorney, etc.) for accurate calculations.
Above minimum wage (120%)
Monthly Salary by Hourly Wage
•Working 15+ hrs/week entitles you to weekly holiday allowance (1 extra day).
•Overtime beyond 52 hrs/week: 1.5x premium applies.
•Night (10pm–6am) and holiday work: additional 0.5x premium.
Frequently Asked Questions
Q. What is the 2026 Korean minimum wage?
The 2026 minimum wage is ₩10,030 per hour. Working 8 hrs/day, 5 days/week, the monthly gross (including weekly holiday allowance) is approximately ₩2,096,270.
Q. What is the weekly holiday allowance (주휴수당)?
Workers who work 15+ hours/week and complete all scheduled workdays receive 1 extra day's pay per week. This increases effective hourly pay by about 20%.
Q. How is monthly salary calculated from hourly wage?
Monthly hours = 209 hours (standard). At ₩10,030/hr: 209 × ₩10,030 = ₩2,096,270/month before deductions.
Q. How is overtime calculated in Korea?
Overtime beyond 8 hrs/day or 40 hrs/week: 1.5x hourly rate. Night work (10pm–6am) and holiday work: additional 0.5x premium on top.
Q. What happens if employers pay below minimum wage?
Employers face up to 3 years imprisonment or ₩20M fine. Report violations to the Ministry of Employment (☎1350).
Q. Does minimum wage apply to part-timers and freelancers?
All employees under the Labor Standards Act are covered regardless of employment type. Self-employed freelancers classified as independent contractors may be excluded.
How to Use
Type your hourly wage or click "Apply 2026 Minimum Wage" to auto-fill.
Enter hours per day and days per week.
Daily, weekly, monthly, and annual salary are instantly converted with weekly holiday allowance included.
See your wage vs. minimum wage as a percentage with a visual bar indicator.
Expert Knowledge: Hourly Wage Calculator — 2026 Minimum Wage Comparison + Monthly/Annual Conversion
The 2026 Korean minimum wage of ₩10,030/hr represents a 1.7% increase from the previous year, decided by the Minimum Wage Commission based on inflation, productivity growth, and employment impact analysis. The single nationwide rate remains in effect despite ongoing discussions about industry-specific rates.
The weekly holiday allowance (주휴수당) is crucial for accurate wage calculation. Workers with 15+ weekly hours who complete all scheduled workdays receive one extra day's pay. This means ₩10,030/hr effectively becomes ₩12,036/hr in real compensation (40hrs worked, 48hrs paid).
4 Major Insurance deductions (employee portion, 2026): National Pension 4.5%, Health Insurance 3.545%, Long-term Care 12.95% of health premium, Employment Insurance 0.9%. Total: approximately 9.4% of gross pay, plus income tax and local income tax.
Related Tools
Calculate Korean take-home salary after national pension, health insurance, and income tax deductions.
Calculate Korean severance pay and retirement income tax from employment dates and salary. Includes IRP tax benefit and mid-term settlement scenarios.
Calculate monthly loan repayments and total interest across different repayment methods. Includes DSR diagnosis.
Calculate BMI using both Asian (23/25) and WHO standards. Get your daily calorie target (TDEE) for diet or muscle-building goals.